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KIOCL suspends operation of Pellet Plant due to export duty levy

8 Jun 2022 , 03:40 PM

KIOCL Ltd has informed to the exchnages regarding temporary shut-down of Pellet Plant Unit at Mangalore.

According to the regulatory filing, the company informed that its Pellet Plant operation at Mangalore has been suspended in view of unviable operation due to levy of duty on export of Pellets by Govt. of India vide its notification dated May 21, 2022.

On Wednesday, KIOCL ended at Rs199.10 per piece higher by 2.02% on the BSE. The stock hit intraday high and intraday low at Rs201.50 per piece and  Rs190 per piece respectively during early trading hours today.

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